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INSEEGO CORP (INSG) Stock Fundamental Analysis

NASDAQ:INSG - Nasdaq - US45782B3024 - Common Stock - Currency: USD

6.98  -0.37 (-5.03%)

After market: 7.02 +0.04 (+0.57%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to INSG. INSG was compared to 49 industry peers in the Communications Equipment industry. Both the profitability and financial health of INSG have multiple concerns. INSG is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year INSG was profitable.
INSG had a positive operating cash flow in the past year.
In the past 5 years INSG reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: INSG reported negative operating cash flow in multiple years.
INSG Yearly Net Income VS EBIT VS OCF VS FCFINSG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M

1.2 Ratios

With a Return On Assets value of -1.22%, INSG perfoms like the industry average, outperforming 55.10% of the companies in the same industry.
INSG's Return On Invested Capital of 6.06% is fine compared to the rest of the industry. INSG outperforms 73.47% of its industry peers.
Industry RankSector Rank
ROA -1.22%
ROE N/A
ROIC 6.06%
ROA(3y)-27.76%
ROA(5y)-31.54%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
INSG Yearly ROA, ROE, ROICINSG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200 300 400

1.3 Margins

INSG has a Operating Margin of 1.17%. This is comparable to the rest of the industry: INSG outperforms 53.06% of its industry peers.
INSG's Gross Margin of 37.58% is in line compared to the rest of the industry. INSG outperforms 40.82% of its industry peers.
In the last couple of years the Gross Margin of INSG has grown nicely.
Industry RankSector Rank
OM 1.17%
PM (TTM) N/A
GM 37.58%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.53%
GM growth 5Y4.3%
INSG Yearly Profit, Operating, Gross MarginsINSG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so INSG is destroying value.
Compared to 1 year ago, INSG has more shares outstanding
INSG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, INSG has an improved debt to assets ratio.
INSG Yearly Shares OutstandingINSG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M
INSG Yearly Total Debt VS Total AssetsINSG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

INSG has an Altman-Z score of -10.50. This is a bad value and indicates that INSG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of INSG (-10.50) is worse than 83.67% of its industry peers.
The Debt to FCF ratio of INSG is 2.94, which is a good value as it means it would take INSG, 2.94 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.94, INSG is in line with its industry, outperforming 55.10% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.94
Altman-Z -10.5
ROIC/WACC0.65
WACC9.3%
INSG Yearly LT Debt VS Equity VS FCFINSG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M 150M

2.3 Liquidity

A Current Ratio of 1.12 indicates that INSG should not have too much problems paying its short term obligations.
The Current ratio of INSG (1.12) is worse than 77.55% of its industry peers.
A Quick Ratio of 0.86 indicates that INSG may have some problems paying its short term obligations.
The Quick ratio of INSG (0.86) is worse than 79.59% of its industry peers.
Industry RankSector Rank
Current Ratio 1.12
Quick Ratio 0.86
INSG Yearly Current Assets VS Current LiabilitesINSG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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3

3. Growth

3.1 Past

INSG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 133.46%, which is quite impressive.
Looking at the last year, INSG shows a quite strong growth in Revenue. The Revenue has grown by 17.38% in the last year.
INSG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.72% yearly.
EPS 1Y (TTM)133.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%90.32%
Revenue 1Y (TTM)17.38%
Revenue growth 3Y-10.01%
Revenue growth 5Y-2.72%
Sales Q2Q%-29.63%

3.2 Future

INSG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.70% yearly.
The Revenue is expected to grow by 0.06% on average over the next years.
EPS Next Y10.79%
EPS Next 2Y-6.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-12.46%
Revenue Next 2Y0.06%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
INSG Yearly Revenue VS EstimatesINSG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
INSG Yearly EPS VS EstimatesINSG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -2 -4

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7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.12, the valuation of INSG can be described as very reasonable.
Based on the Price/Earnings ratio, INSG is valued cheaply inside the industry as 95.92% of the companies are valued more expensively.
INSG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.31.
INSG is valuated correctly with a Price/Forward Earnings ratio of 13.82.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INSG indicates a somewhat cheap valuation: INSG is cheaper than 69.39% of the companies listed in the same industry.
INSG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.13.
Industry RankSector Rank
PE 8.12
Fwd PE 13.82
INSG Price Earnings VS Forward Price EarningsINSG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, INSG is valued a bit cheaper than the industry average as 77.55% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, INSG is valued cheaper than 97.96% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.43
EV/EBITDA 9.83
INSG Per share dataINSG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

INSG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A cheap valuation may be justified as INSG's earnings are expected to decrease with -6.70% in the coming years.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y-6.7%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

INSG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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INSEEGO CORP

NASDAQ:INSG (6/13/2025, 8:11:07 PM)

After market: 7.02 +0.04 (+0.57%)

6.98

-0.37 (-5.03%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)08-05 2025-08-05/amc
Inst Owners67.6%
Inst Owner Change13.67%
Ins Owners3.14%
Ins Owner Change0.49%
Market Cap104.77M
Analysts77.78
Price Target11.73 (68.05%)
Short Float %8.36%
Short Ratio10.69
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-110.26%
Min EPS beat(2)-246.98%
Max EPS beat(2)26.47%
EPS beat(4)3
Avg EPS beat(4)102.93%
Min EPS beat(4)-246.98%
Max EPS beat(4)621.92%
EPS beat(8)6
Avg EPS beat(8)-23.81%
EPS beat(12)8
Avg EPS beat(12)-12.02%
EPS beat(16)9
Avg EPS beat(16)-11.07%
Revenue beat(2)1
Avg Revenue beat(2)0.16%
Min Revenue beat(2)-3.13%
Max Revenue beat(2)3.46%
Revenue beat(4)2
Avg Revenue beat(4)0.63%
Min Revenue beat(4)-5.92%
Max Revenue beat(4)8.09%
Revenue beat(8)5
Avg Revenue beat(8)0%
Revenue beat(12)7
Avg Revenue beat(12)-0.9%
Revenue beat(16)9
Avg Revenue beat(16)-0.24%
PT rev (1m)-8%
PT rev (3m)-14.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10%
EPS NY rev (1m)0%
EPS NY rev (3m)64.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.5%
Valuation
Industry RankSector Rank
PE 8.12
Fwd PE 13.82
P/S 0.47
P/FCF 5.43
P/OCF 4.11
P/B N/A
P/tB N/A
EV/EBITDA 9.83
EPS(TTM)0.86
EY12.32%
EPS(NY)0.5
Fwd EY7.23%
FCF(TTM)1.29
FCFY18.42%
OCF(TTM)1.7
OCFY24.34%
SpS14.85
BVpS-0.87
TBVpS-2.39
PEG (NY)0.75
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.22%
ROE N/A
ROCE 7.67%
ROIC 6.06%
ROICexc N/A
ROICexgc N/A
OM 1.17%
PM (TTM) N/A
GM 37.58%
FCFM 8.66%
ROA(3y)-27.76%
ROA(5y)-31.54%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.53%
GM growth 5Y4.3%
F-Score7
Asset Turnover2.4
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.94
Debt/EBITDA 3.25
Cap/Depr 60.56%
Cap/Sales 2.79%
Interest Coverage 0.43
Cash Conversion 198.43%
Profit Quality N/A
Current Ratio 1.12
Quick Ratio 0.86
Altman-Z -10.5
F-Score7
WACC9.3%
ROIC/WACC0.65
Cap/Depr(3y)44.83%
Cap/Depr(5y)74.79%
Cap/Sales(3y)4.42%
Cap/Sales(5y)7.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)133.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%90.32%
EPS Next Y10.79%
EPS Next 2Y-6.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.38%
Revenue growth 3Y-10.01%
Revenue growth 5Y-2.72%
Sales Q2Q%-29.63%
Revenue Next Year-12.46%
Revenue Next 2Y0.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y108.91%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year91.63%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y152.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y202.06%
OCF growth 3YN/A
OCF growth 5YN/A